FDIC-insured IRAs

Save with security and flexibility

Traditional and Roth IRAs from Principal Bank offer the features and tax advantages IRAs are known for, with the added security of FDIC insurance up to $250,000 per depositor. Principal Bank also offers the option for full FDIC insurance on IRAs with balances over $250,000.

Traditional IRA earnings grow tax-deferred until withdrawal, and certain contributions may be tax-deductible. They have an annual contribution limit of $5,500 ($6,500 if you’re 50+).

You must be under age 70½ for the entire year in which the contribution is made.

You or a spouse must have earned income in the year the contribution is made.

Roth IRAs offer tax-free withdrawals after a five-year holding period, with the same contribution limits as a Traditional IRA and no maximum age restriction.

You or a spouse must have earned income in the year the contribution is made.

Your modified adjusted gross income (MAGI) cannot exceed certain limits in the year the contribution is made.

Call us at 800-672-3343 to open an IRA or convert a Principal Bank Safe Harbor or Plan Term IRA.